M/A-COM Seeks $230M IPO

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Lowell, MA-based M/A-COM Technology Solutions indicated in an SEC filing that it seeks to raise $230 million through an initial public offering. The company, which makes wireless chips, is owned by the semiconductor-focused private equity fund GaAs Labs, whose owner John Ocampo bought the firm for around $90 million in 2009. Lead underwriters for the deal are Barclays Capital, J.P. Morgan, and Jefferies.